To: Jenna who wrote (27403 ) 3/15/1999 9:59:00 AM From: Jenna Respond to of 120523
EPAY up another 13 points.. amazing how far a small position will go. Sold part of DCLK at 129 3/4. MMWW..+23% I hope you didn't give up.. its a nice gapper this morning From the March 8th watch list. It gapped up 2 and added an extra point on that one. ..." very oversold, nowhere to go but up.. The only question is...when... 282% increase in volume on march 8... accumulation by institutions on Friday.. still has a growth rate of 25% going forward for the next 3-5 years." quoted from the March 8th watch list. Monday March 15, 8:31 am Eastern Time Company Press Release SOURCE: Metamor Worldwide, Inc. Metamor Worldwide Comfortable with First Quarter Outlook for 1999 Remains Strong; Share Repurchase Plan Reinstated HOUSTON, March 15 /PRNewswire/ -- Citing strong internal growth in its Solutions business, Metamor Worldwide, Inc. (Nasdaq: MMWW - news), a leading provider of information technology (IT) services, said today it is comfortable with consensus analysts' expectations for the quarter and confirmed a strong outlook for the remainder of the year. The company also said it will reinstate its common stock repurchase plan. Metamor's chairman and chief executive officer, Michael T. Willis, stated, ''Based on current operating results and trends seen in our overall business, we are comfortable with analysts' estimates for the first quarter, which exclude the effects of 1999 acquisitions, and we reiterate that the outlook for 1999 remains strong. Because of the high internal growth of our Solutions business, we estimate that Solutions will account for approximately 60 percent of consolidated revenues and over 70 percent of consolidated EBITDA (earnings before interest, taxes, depreciation and amortization) in 1999. In 1998, the Solutions business accounted for 43 percent of consolidated revenues and 58 percent of consolidated EBITDA. The growth rate of the Solutions business remains robust and we believe it will offset the effects of lower revenue growth in our Project Support business.''